Section 2
Interpretation
of Local Treasury Bills Act 1923
In this Act, unless the context otherwise requires —“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;“book-entry Treasury Bill” means a Treasury Bill issued in Singapore under this Act in the form of an entry on the records of the Authority;“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry Treasury Bills by way of a custodial service for its customers; and
maintains accounts in the names of its customers reflecting ownership or interest in such book‑entry Treasury Bills;“depositor” means any person in whose name an account is established and maintained on the records of the Authority;“Government Securities Fund” means the Government Securities Fund established under Part 2 of the Government Securities Act 1992;“pledge” includes a pledge of, or any security interest in, a book‑entry Treasury Bill —
as collateral for loans or advances; or
to secure deposits of public moneys or the performance of an obligation;“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation;“Treasury Bill” includes a book‑entry Treasury Bill.
Definition
“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;
Definition
“book-entry Treasury Bill” means a Treasury Bill issued in Singapore under this Act in the form of an entry on the records of the Authority;
Definition
“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry Treasury Bills by way of a custodial service for its customers; and
maintains accounts in the names of its customers reflecting ownership or interest in such book‑entry Treasury Bills;
Definition
“depositor” means any person in whose name an account is established and maintained on the records of the Authority;
Definition
“Government Securities Fund” means the Government Securities Fund established under Part 2 of the Government Securities Act 1992;
Definition
“pledge” includes a pledge of, or any security interest in, a book‑entry Treasury Bill —
as collateral for loans or advances; or
to secure deposits of public moneys or the performance of an obligation;
Definition
“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation;
Definition
“Treasury Bill” includes a book‑entry Treasury Bill.